QuantumScape Co. (NYSE:QS) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its holdings in shares of QuantumScape Co. (NYSE:QS - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,078 shares of the company's stock after purchasing an additional 102,120 shares during the period. ExodusPoint Capital Management LP owned approximately 0.05% of QuantumScape worth $1,355,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ieq Capital LLC boosted its holdings in QuantumScape by 2.6% in the fourth quarter. Ieq Capital LLC now owns 87,370 shares of the company's stock worth $453,000 after acquiring an additional 2,200 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of QuantumScape by 2.0% in the 4th quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company's stock valued at $595,000 after purchasing an additional 2,300 shares during the last quarter. Xponance Inc. grew its position in QuantumScape by 17.8% during the 4th quarter. Xponance Inc. now owns 15,862 shares of the company's stock worth $82,000 after purchasing an additional 2,400 shares during the last quarter. Arizona State Retirement System increased its stake in QuantumScape by 2.3% during the 4th quarter. Arizona State Retirement System now owns 111,364 shares of the company's stock valued at $578,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Birchcreek Wealth Management LLC increased its stake in QuantumScape by 13.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 22,583 shares of the company's stock valued at $117,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on QS shares. Truist Financial dropped their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Friday, February 14th. UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and cut their price objective for the company from $5.00 to $2.50 in a report on Thursday, April 10th. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group cut their price target on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.13.

QuantumScape Stock Performance

QuantumScape stock traded down $0.03 during mid-day trading on Tuesday, hitting $3.79. The company had a trading volume of 1,959,934 shares, compared to its average volume of 10,652,935. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -4.03 and a beta of 4.37. The company's fifty day moving average is $4.49 and its 200-day moving average is $5.01. QuantumScape Co. has a 12-month low of $3.40 and a 12-month high of $9.52.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Equities research analysts predict that QuantumScape Co. will post -0.82 EPS for the current year.

Insider Activity

In related news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now owns 228,287 shares of the company's stock, valued at approximately $1,191,658.14. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 53,975 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the completion of the sale, the chief financial officer now directly owns 930,800 shares of the company's stock, valued at approximately $4,868,084. The trade was a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,147 shares of company stock worth $935,758 in the last ninety days. Company insiders own 12.03% of the company's stock.

QuantumScape Profile

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.